Sarveshwar’s Dynamic Warehousing Offering in JNPT SEZ
Our unwavering commitment to excellence has driven us to embark on an exciting new venture – the establishment of our state-of-the-art warehousing unit in the prestigious JNPA Special Economic Zone (JNPA SEZ). With a vision to redefine and elevate the standards of warehousing services, our decision to launch this unit stems from a deep understanding of the evolving logistics landscape and a steadfast dedication to serving our clients better.
The introduction of our Free Trade Warehousing Unit(FTWZ) in JNPT SEZ heralds a paradigm shift in the dynamics of warehousing services. With this facility, we empower businesses to streamline their operations, reduce overhead costs, and enhance their competitiveness in an ever-evolving market. Our strategically located warehouse, equipped with advanced security systems and climate-controlled storage options, offers a level of reliability and efficiency that is unparalleled. This means shorter lead times, reduced transit risks, and ultimately, improved customer satisfaction.
Advantages of FTWZ/SEZ Unit:
- Duty-Free Storage: Enjoy the flexibility of storing goods without paying duties or taxes, optimizing available resources and enhancing cash flow management.
- Revenue Generation: Our FTWZ/SEZ Warehousing model serves as a revenue-generating tool, allowing for the utilization of specialized rental equipment within India. By eliminating the need for physical exports during idle time, businesses can turn equipment into a profitable asset rather than a cost-incurred freight item.
- Re-export Flexibility: Seamlessly re-export or return imported items stored within the FTWZ/SEZ without being encumbered by local duties or taxes, facilitating smooth cross-border transactions.
- Demurrage Charge Elimination: Say goodbye to the headache of excessive demurrage and port storage charges. Our FTWZ/SEZ Warehousing model helps mitigate delays in clearance, minimizing additional costs and ensuring efficient operations.
- Ease of Doing Business: Foreign companies can conduct transactions through our FTWZ/SEZ without the need for a permanent establishment locally, streamlining processes and fostering business growth.
- Value-Added Services: Access over 66 value-added services within the FTWZ/SEZ, including sorting, kitting, labeling, and more, to enhance operational efficiency and meet diverse logistical needs.
Experience the epitome of efficiency, reliability, and sustainability with Sarveshwar’s SEZ Warehousing Unit. Join us as we embark on this journey to redefine warehousing excellence and revolutionize the logistics landscape.
Free Trade Warehousing Zone is a Special Economic Zone wherein mainly trading and warehousing and other activities related thereto are carried on. It is a deemed foreign territory within the geography of India for the purpose of tariff and trade.
The Special Economic Zones Act, 2005 and the Special Economic Zones Rules, 2006 are the legal framework for FTWZ. Instructions are also issued by the Ministry of Commerce & Industries from time to time to clarify various operational aspects of FTWZ.
- Warehousing of goods on behalf of foreign or domestic clients
- Trading with or without labelling
- Packaging and repacking
- Re-sale, re-invoice, or re-export of goods
- Assembly of complete and semi-knockdown goods
- Kitting and various value optimization services on the goods/cargo
In an FTWZ, the authorised operations comprise of trading, warehousing, packing, labelling, lashing, shrink wrapping, strapping, palletization, bottling, clubbing, consolidation, quality checking, testing, kitting, combination packing etc. as may be authorised by the Unit Approval Committee in Letter of Approval.
Any Indian entity who are Trader, Importers / Exporters, 3PLs, CHAs, Freight Forwarders, Shipping Lines, Manufacturers etc., can become Clients in the FTWZ.
A Foreign Entity can register with SLSPL FTWZ unit without having any permanent establishment in India.
Export entitlement is available for supply of goods from Domestic Tariff Area (DTA) to FTWZ for authorised operations. The Unit or Developer can claim drawback or Duty Entitlement Pass Book in respect of goods procured from DTA. Alternatively, the same can be claimed by the DTA supplier on the basis of a disclaimer from the Unit or Developer.
Customs duty is exempt when goods are imported into FTWZ for authorized operations.
Customs duty and GST becomes payable at the time of clearance of goods into DTA. In case of piecemeal clearance, the customs duty would be payable on such piecemeal quantity cleared into DTA and not on the full quantity received into FTWZ. Therefore, the customs duty can be deferred by importing the goods into FTWZ.
Imported goods can be stored in FTWZ for long period till the validity of LOA of a Unit. FTWZ is the only scheme in India which allows deferment of customs duty without incurring interest or penalty
Supply of goods from DTA to FTWZ is export as per SEZ Act. Hence, benefits available for export out of India are also available for supplies from DTA to FTWZ.